Glyphosate Market Size Worth $8.50 Billion By 2020

The global glyphosate market size is anticipated to reach USD 8.50 billion by 2020, according to a report by Grand View Research, Inc. Genetically modified or GM crops have experienced high demand as a result of benefits offered such as disease resistance and high yield. The usage of glyphosate in major GM crops has increased over the last few years. This is projected to boost the global market during the forecast period. 

Increased demand for minimum tillage and no-tillage systems is also likely to spur the global market growth over the coming years. However, strict regulations regarding the usage of glyphosate due to various environmental and health concerns may have a negative impact on market growth.

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Further key findings from the study suggest:

• Global glyphosate demand was over 700 kilo tons in 2013, which is expected to exceed 1,000 kilo tons by 2020.

• Conventional crops dominated global market volume in 2013; glyphosate is used two to three weeks before sowing crops such as wheat, sorghum, sunflower, etc. This aids in significant tillage reduction along with efficient weed control. GM crops are expected to witness high growth over the forecast period, primarily due to growing adoption in Latin America, China and India.

• Asia Pacific was the largest regional market in 2013; North America accounted for over 25% of the global market volume in the same year. GM crop adoption coupled with arable land availability in China and India is expected to drive the Asia Pacific glyphosate market over the next six years.

• Major industry participants include Monsanto, Syngenta, Nufarm, Dow AgroSciences and DuPont. Other companies mainly include BASF, Bayer and a large number of Chinese manufacturers. Key players have targeted weed management systems development, which help lower adverse environmental impact and control weeds through different modes as compared to traditional glyphosate application.

Grand View Research has segmented the global glyphosate market on the basis of application and region:

Glyphosate Application Outlook (Volume, Kilo Tons & Revenue, USD Million; 2012 - 2020)

• Conventional Crops

• GM Crops

Glyphosate Regional Outlook (Volume, Kilo Tons & Revenue, USD Million; 2012 - 2020)

• North America

  • U.S.

  • Mexico

• Europe

  • Germany

  • UK

• Asia Pacific

  • China

  • India

  • Japan

• RoW

  • Brazil